Thomas White International Ltd. Has $6.86 Million Position in ZTO Express (Cayman) Inc (ZTO)

Thomas White International Ltd. lowered its holdings in ZTO Express (Cayman) Inc (NYSE:ZTO) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 414,086 shares of the transportation company’s stock after selling 10,481 shares during the period. ZTO Express (Cayman) comprises 1.1% of Thomas White International Ltd.’s portfolio, making the stock its 22nd largest position. Thomas White International Ltd. owned 0.08% of ZTO Express (Cayman) worth $6,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its holdings in ZTO Express (Cayman) by 17.8% in the second quarter. Cubist Systematic Strategies LLC now owns 20,491 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 3,090 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $275,000. Crossmark Global Holdings Inc. lifted its holdings in ZTO Express (Cayman) by 41.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,470 shares of the transportation company’s stock worth $289,000 after buying an additional 5,080 shares during the last quarter. Comerica Bank lifted its holdings in ZTO Express (Cayman) by 22.3% during the 3rd quarter. Comerica Bank now owns 33,848 shares of the transportation company’s stock worth $519,000 after buying an additional 6,164 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $114,000. 32.69% of the stock is owned by hedge funds and other institutional investors.

NYSE:ZTO opened at $16.48 on Friday. ZTO Express has a 52 week low of $14.51 and a 52 week high of $22.67. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 23.88 and a beta of 0.28.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Wednesday, November 14th. The transportation company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. ZTO Express (Cayman) had a return on equity of 14.90% and a net margin of 26.44%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the business posted $1.00 EPS. ZTO Express (Cayman)’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts expect that ZTO Express will post 0.77 earnings per share for the current year.

A number of research analysts have commented on ZTO shares. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. reduced their target price on ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Finally, TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. ZTO Express (Cayman) presently has an average rating of “Hold” and a consensus price target of $22.50.

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About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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